A dishonest employee opened a business checking account similar in name to my business but not exactly the same at Wells Fargo Bank branch. They then deposited over 25 separate checks over a 3 year period. My name & business name were clearly on the checks, yet Wells Fargo allowed the checks to be deposited in the wrong bank account & then the funds withdrawn. I''m currently pressing embezzlement charges against the employee. My banker at Chase says that the false account should never been allowed to be opened at Wells Fargo because there was no business license or tax ID number for the false business account as required by law and that 25 checks deposited into an account bearing a different name is very unprofessional if not illegal banking practice.
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